What is the market price of fish in fire island

Assignment Help Business Economics

Reference no: EM13742807

The daily demand and supply of fish in Fire Island, NY is described by the following equations:

Demand: Price Demand =2

Supply: Quantity supplied = 5

a) What is the market price of fish in Fire Island?

b) How much is consumer and producer surplus?

Reference no: EM13742807

Questions Cloud

Write a synopsis on the book mein kampf by adolf hitler : Can anyone write a 200-250 word synopsis with one inch margins, double spaced, and in Times New Roman font on the book Mein Kampf by Adolf Hitler?

Why do some companies spend a lot of money for advertising : Why do some companies spend a lot of money for advertising? What does it say about a the market structure the company is in when they advertise a lot or a little?

Equilibrium wage and employment level in each sector : There are two distinct sectors: taxidermists (X) and tap dancers (T). It is surprising that there is complete labor mobility between the two sectors. There are 200 equally talented workers who supply their labor inelastically.

Briefly describe google its mission and its business model : Briefly describe Google, its mission, and its business model. Analyze the types of people that work at Google, with respect to the business culture of the organization. Indicate one to two (1-2) qualities that define a leader at Google, and determ..

What is the market price of fish in fire island : The daily demand and supply of fish in Fire Island, NY is described by the following equations: What is the market price of fish in Fire Island? How much is consumer and producer surplus?

Write an essay on foucault : Foucault reminds us that "history" is by no means an objective truth, but instead one of many interpretations of the past.

Different approaches to understanding consumer demand : Explain what types of biases arise in the different approaches to understanding consumer demand and behavior.

Market of foreign-currency exchange-on net capital outflow : How do these things affect the U.S market of foreign-currency exchange and on net capital outflow (NCO): A tax reform that imposes higher capital gains tax to Americans involved in offshore banking?

Income statement and balance sheet columns of pine company : Question 1: The income statement and balance sheet columns of Pine Company's worksheet reflect the following totals:

User Account

All Pages